Strategic Audit Essay Example | Topics and Well Written Essays - 2750 words - 2

Strategic Audit - Essay Example Worldcom was regarded as world’s second-largest long-distance telecommunications company (Lyke, 2002). It was established in 1983 by Bernard Ebbers as a long distance discount service (LDS) provider. It initially sold AT&T WATS lines to small businesses. WorldCom was successful in selling LDDS and thus, the business grew rapidly (Lyke, 2002). The company acquired about 70 small and medium-sized companies. The acquired companies included IDB WorldCom, largest international carrier; WilTel, telecom carrier; and lastly, international phone company and parent of UUNET, MFS Communications (Lyke, 2002).  During the period 1997, the operational networks of CompuServe and America Online formed part of the giant company, WorldCom. The company also merged with Brooks Fiber and thereafter, it had acquired MCI. The merger and acquisition had rendered the company the second largest long distance carrier in the United States. However, prosperous position in the market of United States had not sustained as the company had to file bankruptcy in 2002 (Lyke, 2002). WorldCom filed for bankruptcy since it had encountered huge financial deficit. The company disclosed to have earned the inflated profit of $ 3.8 billion for the previous two years. Nevertheless, the amount was observed to rise beyond $ 10 billion, rendering it the â€Å"largest accounting fraud in U.S. corporate history† (Yahoo! Inc., 2007; Lyke, 2002).  The external auditor of WorldCom was Arther Anderson LLP and later, KPMG.

The effect of human resource management on an organisational Dissertation

The effect of human resource management on an organisational performance - Dissertation Example The research will employ the use of case study technique and the organisation that has been selected for this study is the Accenture Plc. Therefore, the researcher will focus on measuring the true effect of Accenture’s human resource management on improving the performance of the company. According to Mathis and Jackson, the roots of human resource management can be traced back to the industrial revolution whereby companies started engaging in mass production for commercial purposes. Therefore, there was an urgent need of hiring more employees to the extent that even children were introduced into the work environment without any consideration to their ages. During this particular, the human resources/ workers have proved to be a critical part of an organisation, but there was little known about effective human resource management and this contributed to widespread violation of employees’ rights. This because the labor sector had not been fully formalized and therefore, there was no formal regulatory framework for the sector. Stewart and Brown stated that the numerous industrial strikes that characterized this era were attributed to the widespread violation of employees’ rights that was going on in nearly all of the manufacturing companies. DeGraff further added that employees’ plight during this era was denoted by low wages and poor working conditions. In the present world, effective human resource management is a source for organisation’s competitiveness meaning that it directly affects the performance of organisations. ... he employees received more focus from the management of the companies in order to avoid future strikes, which had proved detrimental to the companies that were affected. Factors that marked the emergence of effective human resource management included the abolishment of child labour, development of labor unions, and strategic recruitment and selection of workers. DeGraff (2010) further added that the studies by Fredrick Taylor on lean manufacturing sparked an interest on the actual contribution of the workforce on an organisation’s productivity and this resulted to workers been acknowledged as a significant part in the productivity of an organisation. In the present world, effective human resource management is a source for organisation’s competitiveness meaning that it directly affects the performance of organisations. 1.3 Accenture Plc Accenture Plc is a multinational company that specializes in outsourcing, technological services, and management consulting. The consu ltancy services cover five operating groups that include resources, products, health and public services, financial services and communications and high-end technology. The company has employed over two hundred and sixty thousand employees who are based across at its wide branch network. In the United Kingdom, the company has ten office locations of which three are in London (Harmon, 2012). The Company boosts of unrivaled experience, unmatched capabilities wide across all business functions and industries. The business model of Accenture is to collaborate with their clients who include 94% of the fortune global 100 and even a big percentage of the fortune global 500 to ensure they become profitable as well as high performers (Harmon, 2012). Over the past years, the company has been keen on